Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Market Overview:
The global Milk Replacersmarket was valued at USD 2.30billion in 2016 and is projected to reach USD 4.39billionby 2025, growing at a CAGR of 7.4% from 2017 to 2025.
The growing prices of milk are responsible for growing demand for milk replacers. The enhanced nutrition value coupled with low cost is driving the consumption of these products. The market growth is aided by the growing adoption of gluten free diet.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Rising awareness regarding product potential
1.2 Growing demand for milk
2. Market Restraints
2.1 High input costs
2.2 Usage of trans species or waste milk as alternative
Market Segmentation:
The global Milk Replacers marketis segmented on the type, livestock, source, form, and region.
1. By Type:
1.1 Non-medicated
1.2 Medicates
2. By Livestock:
2.1 Swine
2.2 Ruminants
2.3 Others
3. By Source:
3.1 Blended
3.2 Non-Milk Based
3.3 Milk Based
4. By Form:
4.1 Liquid
4.2 Powder
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Cargill
2. BewitalAgri GmbH and Company
3. Archer Daniels Midland Company
4. Nulkamel BV
5. CHS Inc.
6. Alltech
7. Land O' Lakes
8. Nutreco NV
9. Glanbia PLC
10. Friesland Campina
11. Vandrie Group
12. Lactalis Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Milk Replacers marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.